Chase Mining Corporation Limited (AU:GCM) has released an update.
Green Critical Minerals Ltd (GCM) has announced legal proceedings against Hexagon Energy Materials Limited for alleged breaches of warranties related to the McIntosh Graphite Project. GCM, after failed negotiations, seeks damages exceeding A$2M for misinformation on the project’s metallurgical results, which significantly differed from what was originally presented by Hexagon. Shareholders are to be kept informed as the case progresses in the Supreme Court of Western Australia.
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